Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-10-02

First Guaranty Bancshares (FGBI)

CEO Michael Mineer was paid $464,421 in fiscal year 2025, ↑ up 24.7% from fiscal year 2024 (SEC filing 0001408534-26-000024 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$464,421 ↑
Michael Mineer total, FY2025
—
CEO pay percentile vs peers
—
CEO-to-median pay ratio
99.38%
Say-on-pay support, latest vote

Track this company's pay every filing: join the Pro seat waitlist

Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year

A confirmation now and one email when Pro opens, and nothing else. Privacy

FGBI's next annual pay disclosure, estimated April 21, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Mineer$413,333$48,064$0$0$0$0$3,024$464,421
President and Chief Executive Officer
Eric Dosch210,41724,4160000810235,643
Chief Financial Officer, Treasurer, and Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Michael Mineer$464,421$372,428—↑ +91,993
Eric Dosch235,643250,938—↓ −15,295

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

You have just read First Guaranty Bancshares's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper FGBI reports.

We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.

How we handle your data → Privacy

Companies that benchmark against FGBI
8 companies name FGBI as a compensation peer

Each company listed discloses FGBI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FGBI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Eric DoschCFO$235,643
Michael MineerCEO$464,421
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Edgar R. Smith IIIDirector2026-04-30A109,051$9$999,998Common, indirectForm 4 ↗
Marshall T. ReynoldsDirector2026-04-30A109,0519999,998Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-04-30A109,0519999,998Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-06-22A200204,000Common, indirectForm 4 ↗
Edgar R. Smith IIIDirector2026-06-30A74,84611794,116Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-07-16A12020Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-07-24A199203,881Common, indirectForm 4 ↗
Robert W. WalkerDirector2026-08-13A5,500846,200Common, open-market saleForm 4 ↗
Robert W. WalkerDirector2026-08-14A1,6011930,771Common, open-market saleForm 4 ↗
Robert W. WalkerDirector2026-08-18A819152CommonForm 4 ↗
Robert W. WalkerDirector2026-08-19A3,5931968,698CommonForm 4 ↗
Eric DoschSVP and CFO2026-08-27A1008816CommonForm 4 ↗
Eric DoschSVP and CFO2026-08-28A1009868CommonForm 4 ↗
Eric DoschSVP and CFO2026-08-28A1009868CommonForm 4 ↗
Bruce McAnallyDirector2026-08-31A200193,800Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-09-02A200193,750Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-09-03A200193,700Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-09-08A500189,200Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-09-09A250184,563Common, indirectForm 4 ↗
Robert W. WalkerDirector2026-09-10A6,000847,280CommonForm 4 ↗
Robert W. WalkerDirector2026-09-10A2,5001845,450CommonForm 4 ↗
Bruce McAnallyDirector2026-09-15A5701810,118CommonForm 4 ↗
Robert W. WalkerDirector2026-09-15A4,0001870,960CommonForm 4 ↗
Bruce McAnallyDirector2026-09-15A165182,924CommonForm 4 ↗
Bruce McAnallyDirector2026-09-15A125182,215CommonForm 4 ↗
Bruce McAnallyDirector2026-09-16A2018352Common, indirectForm 4 ↗
Bruce McAnallyDirector2026-09-17A500188,800Common, indirectForm 4 ↗
Edgar R. Smith IIIDirector2026-09-30A99,2778822,014Common, indirectForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

05

Incentive-plan design — the Compensation Discussion & Analysis

Compensation is paid based on the named executive officers' individual and departmental performance, as well as overall company performance, considering factors such as earnings relative to budget, asset growth, business plans, and safety and soundness. The Compensation Committee also considers compensation paid by other financial institutions in the geographic market area with similar asset size.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-219,958,08261,80425,66799.38%Passed
20252025-05-158,108,05723,22214,62999.71%Passed
20242024-05-167,962,05935,46323,73299.56%Passed
20232023-05-187,348,37241,22718,40399.44%Passed
20222022-05-196,995,92928,52167,30999.59%Passed
20212021-05-206,302,30841,117105,42699.35%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2199.38%a
20252025-05-1599.71%b
20242024-05-1699.56%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)—
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Marshall T. ReynoldsIndependent · Board Chair · Nominating and Corporate Governance (Chair) · Compensation (Chair)$0$0$0—$0$0
Vanessa R. DrewEmployee director · Compensation000—00
Betsy K. HoodIndependent000—00
Robert W. WalkerIndependent · Audit (Chair) · Compensation000—00
William K. HoodIndependent · Departed during FY000—00
Bruce McAnallyIndependent · Audit · Compensation000—00
Jack RossiIndependent · Audit · Compensation000—00
Edgar R. Smith IIIIndependent · Nominating and Corporate Governance · Compensation000—00
09

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$0
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$0

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1First Guaranty Bancshares2025Michael Mineer$413,333$0$0$0$464,421

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10d

Frequently asked questions

Who was the highest-paid executive at First Guaranty Bancshares in fiscal 2025?
As disclosed, Michael Mineer (President and Chief Executive Officer) was the highest-paid executive at First Guaranty Bancshares in fiscal 2025, with total compensation of $464,421.
How did shareholders vote on First Guaranty Bancshares's executive compensation?
As disclosed, 99.38% of shareholders supported First Guaranty Bancshares's executive compensation in the latest say-on-pay vote.
How much does First Guaranty Bancshares spend in total on board compensation for fiscal 2025?
As disclosed, First Guaranty Bancshares reported total board compensation of $0 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Michael MineerDEF 14A2026-04-210001408534-26-000024Section “Executive Compensation”. As printed: 464,421. Filing ↗
2Section 01, Eric DoschDEF 14A2026-04-210001408534-26-000024Section “Executive Compensation”. As printed: 235,643. Filing ↗
3Section 07, pay ratio10-K2026-03-310001408534-26-000021Section “CEO Pay Ratio”. As printed: —. Filing ↗
4Section 08, Marshall T. ReynoldsDEF 14A2026-04-210001408534-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
5Section 08, Vanessa R. DrewDEF 14A2026-04-210001408534-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
6Section 08, Betsy K. HoodDEF 14A2026-04-210001408534-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
7Section 08, Robert W. WalkerDEF 14A2026-04-210001408534-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
8Section 08, William K. HoodDEF 14A2026-04-210001408534-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
9Section 08, Bruce McAnallyDEF 14A2026-04-210001408534-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
10Section 08, Jack RossiDEF 14A2026-04-210001408534-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
11Section 08, Edgar R. Smith IIIDEF 14A2026-04-210001408534-26-000024Section “Director Compensation”. As printed: 0. Filing ↗
12Section 02, Edgar R. Smith III 2026-04-30Form 42026-05-040001437749-26-014649Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Marshall T. Reynolds 2026-04-30Form 42026-05-050001437749-26-014874Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Bruce McAnally 2026-04-30Form 42026-05-040001437749-26-014648Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Bruce McAnally 2026-06-22Form 42026-09-080001437749-26-029825Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Edgar R. Smith III 2026-06-30Form 42026-07-010001437749-26-022281Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Bruce McAnally 2026-07-16Form 42026-09-080001437749-26-029825Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Bruce McAnally 2026-07-24Form 42026-09-080001437749-26-029825Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Robert W. Walker 2026-08-13Form 42026-08-140001437749-26-028010Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Robert W. Walker 2026-08-14Form 42026-08-180001437749-26-028361Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Robert W. Walker 2026-08-18Form 42026-08-200001437749-26-028648Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Robert W. Walker 2026-08-19Form 42026-08-200001437749-26-028648Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Eric Dosch 2026-08-27Form 42026-08-310001437749-26-029309Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Eric Dosch 2026-08-28Form 42026-08-310001437749-26-029309Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Eric Dosch 2026-08-28Form 42026-08-310001437749-26-029309Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Bruce McAnally 2026-08-31Form 42026-09-080001437749-26-029825Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Bruce McAnally 2026-09-02Form 42026-09-080001437749-26-029825Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Bruce McAnally 2026-09-03Form 42026-09-080001437749-26-029825Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Bruce McAnally 2026-09-08Form 42026-09-100001437749-26-030075Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Bruce McAnally 2026-09-09Form 42026-09-100001437749-26-030075Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Robert W. Walker 2026-09-10Form 42026-09-110001437749-26-030168Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Robert W. Walker 2026-09-10Form 42026-09-110001437749-26-030168Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Bruce McAnally 2026-09-15Form 42026-09-180001437749-26-030745Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Robert W. Walker 2026-09-15Form 42026-09-170001437749-26-030686Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Bruce McAnally 2026-09-15Form 42026-09-180001437749-26-030745Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Bruce McAnally 2026-09-15Form 42026-09-180001437749-26-030745Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Bruce McAnally 2026-09-16Form 42026-09-180001437749-26-030745Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Bruce McAnally 2026-09-17Form 42026-09-180001437749-26-030745Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Edgar R. Smith III 2026-09-30Form 42026-10-020001437749-26-031876Insider equity transaction reported since the proxy statement. Filing ↗
40Section 06, 2026 voteForm 8-K2026-05-220001408534-26-000049Item 5.07 · say-on-pay result. As reported: 99.38% (votes for as printed: 9,958,082). Filing ↗
41Section 06, 2025 voteForm 8-K2025-05-200001408534-25-000040Item 5.07 · say-on-pay result. As reported: 99.71% (votes for as printed: 8,108,057). Filing ↗
42Section 06, 2024 voteForm 8-K2024-05-170001408534-24-000050Item 5.07 · say-on-pay result. As reported: 99.56% (votes for as printed: 7,962,059). Filing ↗
43Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
44Section 09b board cost (computed)Computed——Cash 0 + equity 0 + all other 0 = 0, summed across the director compensation table rows.machine: formula: Σ = 0
45First Guaranty Bancshares (subject), Section 10b CEO totalDEF 14A2026-04-210001408534-26-000024CEO total compensation as printed in First Guaranty Bancshares's own proxy. As printed: 464,421. Filing ↗

The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.

You'll confirm on The Pay Desk's sign-up page.